📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      What is the legal effect of signing a settlement

      agreement in arbitral proceedings?
      A The settlement agreement is binding only if approved by the arbitral tribunal Correct Answer Incorrect Answer
      B The settlement agreement is final and binding on the parties and those claiming under them Correct Answer Incorrect Answer
      C The settlement agreement is subject to further court approval to become binding Correct Answer Incorrect Answer
      D The settlement agreement is non-binding unless expressly stated otherwise Correct Answer Incorrect Answer
      E The settlement agreement is binding on the parties but not on third parties claiming under them Correct Answer Incorrect Answer

      Solution

      Explanation: Section 73.  Settlement agreement.(3) When the parties sign the settlement agreement, it shall be final and binding on the parties and persons claiming under them respectively.

      Practice Next
      More Civil and Criminal Laws Questions

      Relevant for Exams:

      ask-question